Capitalism at Work

1950s Newspaper Printing Presses, Black and White, UK from 35mm
thekinolibrary
 I found this bit about a benevolent capitalist in a story about the origin of Weekly World News:

When rival tabloid The Star went to a color format, Pope was forced to follow suit. That left him with an unused black-and-white printing press, which he saw as an opportunity to return to the bizarre news of the early Enquirer. In the summer of 1979, a small staff supervised by editor Phil Bunton, stationed inside the Enquirer offices in Lantana, Florida, began work on what would become Weekly World News. 

Paul Kupperberg (Editor, 2004-2007): I remember the Enquirer from its grisly early days when I was a child. It was kind of a rag in the late 1950s and early 1960s. Stuff like “Boy Trapped in Old Fridge Eats Own Foot to Stay Alive.” It was kind of spooky to a little kid. 

Sal Ivone (Managing Editor, 1981-1988): Pope was stuck with this black and white printing facility near Montana. He basically said, “OK, let me just publish another magazine.” 

Barbara Grover (Editorial Assistant, 1981-1985): They had moved the color printing up to New York and told people at the publishing house he’d create a new newspaper in black and white so they could keep their jobs. I worked there as a clipper at first. 

Iain Calder (Editor-in-Chief, The National Enquirer, 1973-1997): He could’ve gotten rid of it, but Gene was friendly with the family that ran it. He felt he couldn’t have them, plus a lot of other people printing it, not have jobs. So he and I sat down and kicked around all kinds of different things to do on black and white paper. Finally, he said, “Why don’t we do what Reader’s Digest did?” Reader’s Digest, when it started out, took the best stories from around the world and reprinted them. He said, “Why not just do the best stories, the really wacky stories?” So that’s what we did.

Via David Malki